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TD Waterhouse Launches Two New Funds
Nick Parmee
21 July 2010
The discretionary money management unit of Toronto-Dominion Bank, TD Waterhouse Private Investment Counsel, has launched two TD Private Target Return funds. Chief portfolio strategist at TD Waterhouse Bob Gorman said: “We’re trying to deliver positive returns regardless of the market environment.” The TD Private Target Return fund is aiming for absolute returns equal to Canadian Treasury Bill returns plus 3 per cent, the TD Private Target Return Plus fund for Treasury Bill returns plus 5 per cent.